Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum is a public blockchain-based distributed computing platform, featuring smart contract (scripting) functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
The native cryptocurrency of the Ethereum network is called ether. It is listed under the code ETH and traded on cryptocurrency exchanges.
It can also be used to pay for transaction fees and computational services on the Ethereum network.
NOTE: WARNING: Ethereum is a decentralized platform that runs smart contracts, and it is not a traditional integrated development environment (IDE). Ethereum does not provide an IDE for developers. If you are looking for an IDE for Ethereum development, you will need to find a third-party tool or build your own.
The idea behind Ethereum was first proposed by Vitalik Buterin in 2013. He was a programmer and writer who had been involved in the Bitcoin community since its early days.
Buterin believed that Bitcoin needed a scripting language for application development. He proposed the development of a new platform with a more general scripting language that would be capable of running smart contracts.
Buterin’s proposal was met with support from other members of the Bitcoin community, and in 2014, Ethereum was launched as a crowdfunded project. The development team raised over 18 million dollars in Ether from contributors around the world.
The Ethereum platform went live on July 30, 2015, with 72 million ETH pre-mined for the crowdsale. This represented about 60 percent of the total supply (100 million ETH). In 2016, Ethereum forked into two separate blockchains – Ethereum Classic (ETC) and Ethereum (ETH).
The hard fork occurred after a hacker exploited a flaw in a third-party project called The DAO and stole $50 million worth of ETH. The fork resulted in two separate blockchains – Ethereum Classic (ETC) continued on the original blockchain, while Ethereum (ETH) moved to a new blockchain with revised rules.
Since its launch, Ethereum has grown to become one of the largest blockchain networks in the world, with over 15 million users and billions of dollars worth of ETH traded daily on cryptocurrency exchanges.
9 Related Question Answers Found
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In Ethereum, all transactions are public and stored on a blockchain, a shared ledger of all activity. This makes it difficult for someone to tamper with the data or commit fraud.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Etheria is a fork of Ethereum that runs on the Proof of Stake consensus algorithm. Etheria also has a much lower transaction fee than Ethereum.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a programmable blockchain. It allows users to create their own decentralized applications (dapps) and run them on the Ethereum network.
LP Ethereum is an open source, decentralized platform that runs smart contracts on a blockchain. It is a platform for developers to build decentralized applications (dapps). LP Ethereum is also a public blockchain that anyone can use to send transactions and build apps.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a programmable blockchain. It means that developers can build applications on Ethereum.
LPT Ethereum is an open source, decentralized platform that runs smart contracts on a blockchain. It is a platform for developers to build applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is unique in that it is the only major blockchain platform that allows users to create their own smart contracts and decentralized applications (DApps).
When people talk about Ethereum, they are usually referring to the Ethereum blockchain and the associated cryptocurrency, ether. However, Ethereum is much more than just a digital currency. It is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general ledger records these prices in ETH (Ether), the internal currency of Ethereum.
Tenderly Ethereum is a smart contract monitoring service that provides users with detailed insights into the health of their Ethereum contracts. The service is designed to help users identify and fix errors in their contracts before they cause significant damage. Tenderly Ethereum is built on top of the open-source Tenderly monitoring software.
